In the week following the reappearance of the original PCN scam developer, the PXN Foundation did our due diligence to make sure that the community was made aware of his destructive intentions and to try, in our best efforts, to stop him from advancing with his false “mandatory swap” to PP2.
We would like to firstly thank the community for their continued support by ensuring that the latest wallet version 1.0.4 has been installed which, we would like to highlight, has given the PXN Foundation further consensus on the PCN blockchain (now over 51%). The PXN Foundation will be releasing a patch shortly, please ensure that you keep up to date with its release.
Furthermore, there have unfortunately been some community members that have either missed or ignored our warnings and have proceeded to swap their PCN for his scam PP2 coin as his swap wallet has been increasing in size, slowly. The PXN Foundation would like to once again, remind the entire community that Peepcoin (PCN) is now recognized as a coin which is fully governed by the PXN Foundation and therefore any listings, changes, alterations and updates, must be voted on and pushed through the appropriate channels. The original scam developer of PeepCoin 2.0 (PP2) has intentionally avoided this crucial, decentralized process.
STEX exchange (the first exchange that PP2 submitted an application to) has responded to our most recent email, which outlined the Foundation’s mandatory process and they’re in full support of the PXN Foundation. Please see below image of their email response.
We made sure to point them to the main website for PP2 where they have noticed several suspicious pieces of information including the “mandatory swap” which they were not aware of. This has caught the attention of their Coin Listing and Business Development Manager and therefore STEX exchange will NOT be listing PP2 and will immediately inform the PXN Foundation of any further communications from any other coins claiming to be PeepCoin or variant versions of PeepCoin/PCN.
We would like to inform everyone (and the original scam dev) that this process will continue for each exchange that PP2 applies for. The last thing that Exchanges want to be involved with is a known scammer with a history of ripping investors off and disappearing with their money. Especially when there is already mountains of evidence to support our claims against the individual in question. STEX will avoid any coin listings that are of a suspicious nature that do not follow the appropriate protocol of the governing body.
Lastly, we would like to invite the community members that have already swapped (some or all of) their PCN to pursue a FULL REFUND of their swapped PCN. Without exchange listings for their newly acquired PP2 coin, we believe that a refund should be appropriately offered and carried out by the developer of PP2. His direct actions once investors start requesting their (rightful) refunds should reveal his real intentions. If his intentions are to create a legitimate project that is funded (as he has stated) “from his own pocket”, then creating a new coin that has no attachments to PeepCoin would be achievable for him. Any community members that feel that they would like to pursue a refund of their swapped PCN should do so quickly, as the ‘burn wallet’ that has been used to swap PCN has already made withdrawals to wallets belonging to Bleutrade. Any ‘burn wallet’ should not have withdrawals, as the intention of the coin held within, is to be destroyed, not sold.
His bogus story is falling apart quickly.
The PXN Foundation